Saul Centers Inc
Saul Centers Inc (BFS) is listed on NYSE and classified in REIT - Retail, part of the Real Estate sector. It is headquartered in Bethesda, United States and has 156 employees. The company is worth $1.03B and trades at 30.1x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $289.84M in fiscal 2025, up 7.8% from the year before. Net income was $37.51M. The share price is 23.2% below its 52-week high of $38.42. It pays a dividend yielding 7.99%. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $6.62M. In that quarter, 1 of them opened or added to the position and 1 reduced it. Over the last 30 days, company insiders bought $3.71K of its stock on the open market and sold none.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -40.1% over 5Y.
today you would have $853.00▼ -14.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $31.53 | $38.80 | $39.27 | $40.68 | $53.02 | $31.68 | $52.78 | $47.22 | $61.75 | $66.61 | $51.27 | $57.19 | $47.73 | $42.79 | $35.42 | $47.35 | $32.76 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 8.0% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 33.8 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 14.1x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 1.5% a year against a 8.5% required return, from the stock’s beta.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| CSRCenterspace | $57.45 | 45.6x | 1.4x | 5.36% | 3.39% | $1.02B |
| NXRTNexPoint Residential Trust, Inc. | $19.09 | — | 2.0x | 11.11% | -11.09% | $985.12M |
| MMIMarcus & Millichap, Inc. | $28.28 | 76.4x | 1.8x | 1.77% | 2.42% | $1.07B |
| ORCOrchid Island Capital, Inc. | $4.97 |
| 33.8x |
| 28.9x |
| 23.8x |
| 22.7x |
| 25.0x |
| 33.8x |
| 25.3x |
| 33.6x |
| 29.5x |
| 37.9x |
| 43.8x |
| 36.1x |
| 37.1x |
| 83.7x |
| 46.0x |
| 58.1x |
| 40.1x |
| 27.3x |
| P/S | 4.8x | 2.7x | 3.5x | 3.7x | 4.0x | 5.3x | 3.3x | 5.3x | 4.7x | 6.0x | 6.6x | 5.2x | 5.7x | 4.9x | 4.5x | 4.0x | 5.4x | — |
| P/B | 3.2x | 2.5x | 2.8x | 2.7x | 2.4x | 3.1x | 2.0x | 3.3x | 3.0x | 4.1x | 4.5x | 3.6x | 4.1x | 3.5x | 3.2x | 2.8x | 3.7x | — |
| EPS | $1.09 | $1.63 | $1.73 | $1.63 | $1.57 | $1.25 | $1.57 | $1.60 | $1.63 | $1.52 | $1.42 | $1.54 | $0.57 | $0.93 | $0.61 | $1.18 | $1.20 |
| Dividend yield | 4.07% | 7.48% | 6.08% | 6.01% | 5.70% | 4.07% | 6.69% | 4.02% | 4.40% | 3.30% | 2.76% | 3.30% | 2.73% | 3.02% | 3.37% | 4.07% | 3.04% | 4.67% |
| Payout | 136.42% | 216.51% | 144.79% | 136.42% | 142.33% | 137.58% | 169.60% | 135.03% | 130.00% | 125.15% | 121.05% | 119.01% | 101.30% | 252.63% | 154.84% | 236.07% | 122.03% | 127.50% |
| Profit margin | 20.42% | 12.94% | 18.84% | 20.49% | 20.42% | 20.23% | 17.93% | 22.34% | 22.25% | 21.32% | 20.86% | 20.31% | 22.67% | 15.60% | 17.56% | 15.37% | 22.54% | 22.81% |
| ROE | 14.00% | 12.19% | 15.09% | 15.12% | 12.53% | 11.95% | 11.08% | 13.79% | 14.20% | 14.43% | 14.22% | 14.00% | 16.05% | 11.16% | 12.47% | 10.70% | 15.32% | 16.24% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+102.8% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 3.0x |
| 0.7x |
| 24.14% |
| 20.80% |
| $981.11M |
| HBNBHotel101 Global Holdings Corp. | $4.67 | — | 64.0x | 0.00% | -289.01% | $1.09B |
| NHPNational Healthcare Properties, Inc. | $15.11 | — | 1.0x | 1.99% | -5.26% | $1.1B |